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House Prices in SN12 House Prices in SN12 (Melksham)

The average house price in SN12 (Melksham) is £230,882 using HM Land Registry data.

The average property price increased by £62,514 (16.1%) over the last 5 years and increased by £12,525 (2.6%) over the last 12 months.

Over the last year, there were 309 residential property sales – a decrease of 118 transactions (-38.19%) relative to the previous year. The majority of house sales (87) were in the £220,000 - £280,000 range. Then came properties in the £280,000 - £340,000 range, where 78 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 86 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,042 (-2%).

In Oct 24, there were 59 new estate agency instructions, 57 agreed home sales and 52 property price reductions.

Nearby Postcodes: BA1, BA11, BA12, BA13, BA14, BA15, BA2, SN10, SN11, SN13, SN14, SN15, SN16, SN4, SN5, SN8, SN9, SP3

5-Year Average Property Prices in SN12 (Melksham)

16.1%

Property prices in Melksham increased by 16.1% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SN12 (Melksham) Over the Last Year

2.6%

Property prices in Melksham increased by 2.6% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for SN12 (Melksham) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SN12 (Melksham)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SN12 (Melksham)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SN12 (Melksham)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SN12 (Melksham) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SN12 postcode area since 1995.

Recent Sales in SN12 (Melksham)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Alder Way, Melksham, Wiltshire, SN12 6UL£230,000£227,000-£3,00012 Jun 202423 Aug 202472 Days
11a, Shaw Hill, Shaw, Melksham, Wiltshire, SN12 8EL£450,000£440,000-£10,00020 May 202422 Aug 202494 Days
10 Eden Grove, Whitley, Melksham, Wiltshire, SN12 8QJ£365,000£365,000£0028 May 202419 Aug 202483 Days
14 Wellington Drive, Bowerhill, Melksham, Wiltshire, SN12 6QW£495,000£485,000-£10,00022 Feb 202419 Aug 2024179 Days
9 Bream Close, Melksham, Wiltshire, SN12 7JX£310,000£295,000-£15,00014 May 202416 Aug 202494 Days
45 Godwins Close, Atworth, Melksham, Wiltshire, SN12 8LD£475,000£475,000£0008 May 202413 Aug 202497 Days
3 Savernake Avenue, Melksham, Wiltshire, SN12 7HA£270,000£265,000-£5,00019 Mar 202413 Aug 2024147 Days
4 Frane Lea Park, Melksham, Wiltshire, SN12 7EL£209,950£205,000-£4,95004 Mar 202413 Aug 2024162 Days
13 Methuen Avenue, Melksham, Wiltshire, SN12 7AQ£285,000£282,000-£3,00025 Jan 202409 Aug 2024197 Days
100 Savernake Avenue, Melksham, Wiltshire, SN12 7HF£295,000£295,000£0015 Apr 202407 Aug 2024114 Days
16 Catalina Court, Bowerhill, Melksham, Wiltshire, SN12 6FA£220,000£215,000-£5,00026 Apr 202402 Aug 202498 Days
23 Foresters Park Road, Melksham, Wiltshire, SN12 7RW£230,000£226,000-£4,00023 Feb 202402 Aug 2024161 Days
25 Blackmore Road, Melksham, Wiltshire, SN12 7HT£250,000£237,000-£13,00010 Apr 202426 Jul 2024107 Days
10 Burnet Close, Melksham, Wiltshire, SN12 7SJ£500,000£490,000-£10,00004 Apr 202426 Jul 2024113 Days
70 Savernake Avenue, Melksham, Wiltshire, SN12 7HE£325,000£320,000-£5,00002 Jan 202419 Jul 2024199 Days
2a, Forest Road, Melksham, Wiltshire, SN12 7AA£200,000£105,944-£94,05612 May 202208 Jul 2024788 Days
5 Bowmans Court, Melksham, Wiltshire, SN12 7FE£265,000£260,000-£5,00002 Feb 202408 Jul 2024157 Days
33 Woodrow Road, Melksham, Wiltshire, SN12 7AY£300,000£300,000£0002 May 202428 Jun 202457 Days
22 Savernake Avenue, Melksham, Wiltshire, SN12 7HA£259,950£252,000-£7,95021 Dec 202317 Jun 2024179 Days
519 Semington Road, Melksham, Wiltshire, SN12 6EA£250,000£240,000-£10,00018 Oct 202331 May 2024226 Days

Most Expensive Streets in SN12 (Melksham)

PostcodeStreetAreaAverageNo. of Sales
SN12 8QRMiddle Lane, WhitleyMelksham£777,5004
SN12 8QNMiddle Lane, WhitleyMelksham£698,3333
SN12 8JRBath Road, AtworthMelksham£697,6254
SN12 7PTBeanacreMelksham£691,8758
SN12 8EXShaw Hill, ShawMelksham£665,0003
SN12 8QLTop Lane, WhitleyMelksham£641,0005
SN12 6NRHigh Street, SeendMelksham£599,0004
SN12 6PXSeend CleeveMelksham£597,5004
SN12 6PSSeend CleeveMelksham£585,0003
SN12 8QUTop Lane, WhitleyMelksham£577,5004

Least Expensive Streets in SN12 (Melksham)

PostcodeStreetAreaAverageNo. of Sales
SN12 7DYGiffords Court, LowbourneMelksham£108,56216
SN12 8BSNew Broughton RoadMelksham£118,6254
SN12 6ESCrown House, Market PlaceMelksham£120,37514
SN12 6LGBank StreetMelksham£121,1254
SN12 7NWThornleighMelksham£124,11810
SN12 7NSSpa RoadMelksham£129,13235
SN12 8FETurners CourtMelksham£149,1666
SN12 7GSVerbena CourtMelksham£149,6878
SN12 7RTCotswold CloseMelksham£163,9504
SN12 6SZHurricane Road, BowerhillMelksham£168,49510

Explore SN12 (Melksham) using map

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